Treasurers hold a key position within a registered society. We all know that without the required financial resources we cannot do anything. It is one thing to have funds, but it is totally different to see how the funds are utilized. Success depends on the latter, not the former. It is the Treasurers who can make such a success happen. Therefore, the importance of their office. They oversee all the aspects of financial management within the society and work closely with the society’s other officials not only for the proper utilization of the funds, but also to sustain the society’s finances. Thus, it is a blessing to have good and reliable Treasurers. Understanding and learning about the different roles and responsibilities of the treasurers and the key skills required for the successful running of the finance department can help us to be better Treasurers for the successful operation of our own societies. Here we look at the Treasurer’s office from this point of view.
What do treasurers do?
Treasurers are finance experts who manage and fulfil all the financial goals of their registered societies. Their primary responsibility is to manage the funds, including payments, cash and liquidity, in order to ensure the good financial health of the society. They collaborate with the heads of various units to set and fulfil the budgetary objectives as decided by the Governing Body. They are responsible for building and maintaining cordial relationships with the bankers and business people with whom the society has business dealings. Besides these, they also manage the additional tasks such as:
- Managing the society’s internal finance department and supervising the daily operations of the finance staff.
Fr Alex G SJ
To read the entire article, click Subscribe
